Newspaper Page Text
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the garden island. Tuesday, dec. 2. 1919
THE GARDEN ISLAND
Issued Every Tuesday
KENNETH C. HOPPER
Managing Editor
TUESDAY
DEC. 2
.THE POOR IXTER-1SLAXD .
. From the Hawaii Pout-Herald .
Although the price of shipbuild
ing at 1hi time is high and al
though in spite of this the Matsouj
Navigation Company can see its
way to order four new ships, the
Inter-Island Steam Navigation
Company cannot see its way to or
der one, for the Honolulu-Hilo
run.
In his letter to the Hawaii Pub
licity Commission, President J.
A. Kennedy of the Inter-Island
states that the company is "al
ways anxious to improve its ser
vice, and will put on a larger boat
whenever the prices of ships go
back to normal, or whenever it
can see its way so to do."
This anxiety to serve the public
is very pretty and laudable, if
true. In consulting the figures
in the Manual of Hawaiian Se
curities issued by the Honolulu
Stock and Bond Exchange, we
discover a multitude of interest
ing fads, none of which however
explain WHY the Inter-Island
cannot see its way to enlarge
ments at this time.
We find, for instance, that in
101G, when the capital of the com
pany was ?2.2."0.(M)0, a stock di
vidend of $750,000 was issued,
whereby the capitalization was
raised to .1,000,000. In the same
vear the company had a surplus
of more than $170,000, in 1917
this increased to more than ?719.
000, and in 1!(1S rose to a point
in excess of SS70.000.
In the years from 1912 to ftl8,
both inclusive, the company show
ed net profits as follows: 1912
$453,000 ; 19Ki, $2:W,000; 1914,
$3:18,000; 1915, $530,000; 191G,
$527,000; 1917, (war period),
$519,000; and 1918 (also war
times), $511,000.
During the same series of years,
the company paid dividends as
follows: 1912, $202,000; 1913,
$202,000; 1914, $202,000; 1915,
$202,000; 191(5, $258,000; 1917
$270,000, and 1918, $300,000. In
other words, during the entire
time covered by these figures, in
addition to putting by a tidy sur
plus each year, the company paid
dividends of about 10 percent,
even after the stock dividend of
$750,000 had been issued. In ad
dition, in the three vears from
1910 to and including "1918, total
assets rose from $4,320,000 to
$4,949,000.
In the face of this showing, the
company now has the supreme
cheek to advance its passenger
rates 10 percent, and freight rates
25 percent. This in spite of the
fact that the charges were al
ready at such a point ) consider
ing the distance covered) as to
single out the company as the
high priest of "nervy" corpora
tions, and the population- that
stood for these rates as the most
gullable in the world. The ex
cuse for this last move, is that the
wages of engineers and others
have been raised. It is possible
that the increased rates will not
more than cover this increase in
wages, but in this regard, we are
decidedly from Missouri.
In his letter to the publicity
commission, Mr. Kennedy says
that his company considers the
present heavy passenger travel as
unusual, and that with the re
opening of the Matson's triangu
lar run, whereby some of those
boats will come here, he expects
to see it drop off. As long as the
Inter-Island is willing to sit by
permit this to happen, it certain
ly will, as indeed, it should.
We believe in the support of
home industry. But we do not
believe that such support, and
taking all the traffic will bear,
and then some are synonymous.
We would be unhesitatingly glad
to see a rival company plunge for
the Inter-Island pork barrel. If
for no oilier reason, because this
would oblige the Inter-Island, for
the first time in its life, to give
value received.
Hark, Hark, the Lark
From the Ad vert her
Pleas of various public school
teachers for Friday as a holiday
instead of the teachers all being
required to attend the annual
meeting of the Territorial Teach
ers' Association have been denied
by Superintendent MacCaughey,
who expresses his regret but says
it is impossible to grant the re
quest. Superintendent MacCaughey
probably knows better than any
one else whether or not it wouid
be advisable to hold the aunual
meeting some other time and give
the teachers a day to recover from
Thanksgiving. But there remains
the question: Is the annual meet
ing of the association liable to
piove of any benefit to the teach
ers?
A glance at the program that
has been prepared is not encourag
ing. One can hardly blame tue
teachers for feeling that they are
wasting their time. Teachers are
human. How would other mem
bers of the community like to be
obliged to attend a meeting much
of the program of winch is taken
up with such things as "Chorus,
Morning Gallon:'' "Hark, Hark,
the Lark ;" reading of the minutes;
piano duet; illustrated story;
more music; class demonstration
in physical culture; an address on
school buildings; more music; remarks?
It is true there are interspread
a few addresses that may of may
not prove worth while. But, tak
ing the program as a whole, it
looks remarkably like a waste of
time.
If the Territorial Teachers' As
sociation can't do better than that
it doesn't seem to justify its exist
ence.
And, anyway, it is not what its
name implies. It is not an assoc
iation of teachers but rather an
obligatory burden added to the
i est of their work. They have lit
tle or no voice in it. It is a de
partmental institution, headed by
in no way calculated to increase
nn officer of the department and
Ihe espirit de corps of the teach
ers.
What they need is an associa
tion of their own, with teachers as
officers, that would have for its
object the best interests of the
teachers as well as of the schools.
The teachers have wisely shown
that they don't want a union, affil
iated with the hod-carriers and
coal miners of the mainland. But
they do need and should organize
an association of theii own that
would do more than meet once a
year to elect officers and be bored
by an uninteresting cut-and-dried
program.
:0:
Interscholastic Athletic
League .
At the close of the teachers'
meeting last Friday a meeting of
the principals was held, which
body decided, among other things.
to proceed with the .organization
of an interscholastic league. Mr,
Damkroger, having proposed this
in his address on Physical Educa
tion in the Schools, was called on
for more specific information
Mr. Warner, who directed the in
4-... 1. , 1 . .i 1 1 11 i
icrsi-uuiuswc oasenau league on
Kauai last spring, was also called
on for advice and suggestions
The conference resulted in the ap
pointment of a special committee
to draw up complete recommenda
tions for such a league which
should be presented to the prin
cipals at their next meeting, Jan
uary 9, 1920. The following were
named on this committee: Mr.
Damkroger, representing the plan
tations, Mr. Warner, for the Y.
M. C. A. and Miss Myhand for the
Principal's Association.
The public should be vitally in
terested iii this proposed league
as it favorably affects, not only
the welfare of the thildren in the
school now but Kauai's future
manhood anil womanhood. The
greatest obstacle to competitive
games between schools is that of
transportation. The plantation
managers can not be expected to
furnish trucks on week days as
the trucks are indispensable to
the daily routine. Popular sub
scription is objectionable in some
ways and school entertainments
distract attention from studies
and games themselves while in
process of preparation. Some sat
isfactory way will be worked out
no doubt and the boys and girls
of the various schools should be
encouraged to begin practice right
away, particularly in volley ball,
basket ball, baseball and track
and field sports as these will no
doubt be included in the "course
of competitive sports."
Christmas Gifts
FROM
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